Posted on 09/17/2009 3:38:15 AM PDT by Kaslin
... second homes have been defaulted on
I thought you said they were paid for?
Boats and motorcycles have been sold to pay tuition and insurance bills... have you seen the glut of used travel trailers and motor homes?
It seems to me they should know if they have tuition bills to pay and insurance to pay. If those are necessities, they should have been accounted for before buying boats and motorcycles, which are just toys.If you can't afford insurance, you can't afford big toys.
Yeah, I know, during good times, people get to thinking they'll ALWAYS be making the money they are making then and there. Of course, history and common sense shows that's not true. Not a big deal. They got to play with toys for a while, then they sold them. No big loss. I question their investing sense though. I wonder what kind of return they got on all that stuff. Did they buy shiny new ones at top dollar? Not good sense.
Portfolios are worth less than half of what they were in 2007. Money lost is money lost
Which is to say they are half what they were at the top of a bubble. Duh. What makes people think the market only goes in one direction? You don't get to keep the best years. They average out over time with the bad years, and the return is somewhere in the middle. It's basic.
malls are empty... consumers are not spending...
Not around here. I had to go to a huge mall the other day for a party at Dave and Busters. The place was packed. The mall parking lot was packed. Scores of families eating out and playing video games. If that's bad times, I'll take it.
There will be no private investment if hussein gets his agenda through. You talk like this is 1995... you had better wake up... it may already be too late. WEALTH TAXES ARE COMING and the truly wealthy are already moving assets away from America. hussein surrendered to russia today... Europe is angry at America and her betrayal... the Czech President stated that their mistake was trusting America's word... there is not chance of economic growth for years... maybe decades. Our way of life is teetering on the edge of a chasm.
Our way of life is always teetering. Back in the day it was the USSR. We had commie presidents back then too. And inept ones. We've had bad times and good times. Nothing new.
And this one looks to be a real whopper. But we've had those before too. Nothing is certain. The problem isn't so much that times are bad now. It's that people got lulled into thinking things would be good forever. As if.
but when you do not work for someone else, having a job that insulates you from major risk and personal mandatory debt... when one is actually an entrepreneur and IS his or HER business... one can go from solvent to insolvent in a matter of months.
I'm self employed. I know what you say. But that's life. Businesses are at risk, just like anything else. You play the cards your dealt. I'm pretty sure buying boats and motorcycles and rvs doesn't do much to solidify ones position. You win some, you lose some. Welcome to life.
I just know I have the gumption to handle what gets thrown my way. I'll do the best I can, and let the chips fall. The political landscape will change. It always does. Same with the economic landscape. One man gathers what another man spills. If investors disappear, that means there will be very cheap stocks to be had if anyone wants them.
Where did I say investing in 401Ks and IRAs was greedy? I invest in those things. I just don't count it as savings, because it's at risk. Savings, to me, is locked up, insured. I believe you have to save first. Then invest. If I can't save, I can't invest. The only exception to that is to take a company match, because it's there.
I just think it's a mistake to look at investments as if they were savings. They aren't savings. They are investments.
We don't have the time or trust to play games with Goldman Sachs private casino aka, the NYSE. Nor do many boomers
If you've been investing your whole working life, then that would be starting around,what, 1980 or so? Give me a break! The DOW was under 1000 in 1980. Hell, in 1990 it was at 3000. Anyone who dollar cost averaged from 1980-now made a good return, it seems to me. It averages out. If you don't have enough now that the boom went bust, it just means you didn't have enough. Sorry. I don't have enough right now either. But I'm doing the best I can.
Buy and hold? LOL. Make the money, take the money. It's the new ethics. That's a lot of uninvested wealth siting on the sidelines that could be going into growing companies and businesses. But it's not.
Right now I'd say you are right. Buy and hold is not a good strategy right now. Saving money is a good strategy.
It may however go into a vacation home an RV during the coming deflation ahead. After that, inflation should do a good job on those 7 year 3% CD’s being held by the next generation of “smarter” savers, in banks run by the bankrupt US government.
Yup, we could definitely see high inflation. But then, that's always a risk, too. We just went through a period of very low inflation. Again, it seems to even out in the end. But what's the point about complaining about the weather? If it's raining, bring and umbrella.
... second homes have been defaulted on””
“I thought you said they were paid for?”
People sell off paid for assets when they cannot cover their living expenses because they are out of work... they cannot cash in on their investments or have no investments left to cash in on. I see it every day... I sell some of those assets for them... savvy?
“Boats and motorcycles have been sold to pay tuition and insurance bills... have you seen the glut of used travel trailers and motor homes?”
“”It seems to me they should know if they have tuition bills to pay and insurance to pay. If those are necessities, they should have been accounted for before buying boats and motorcycles, which are just toys.If you can't afford insurance, you can't afford big toys.””
You obviously do not believe in the American Dream do you?
>
””Yeah, I know, during good times, people get to thinking they'll ALWAYS be making the money they are making then and there. Of course, history and common sense shows that's not true. Not a big deal. They got to play with toys for a while, then they sold them. No big loss. I question their investing sense though. I wonder what kind of return they got on all that stuff. Did they buy shiny new ones at top dollar? Not good sense.””
Certainly Americans over spent and many that are suffering today should have used better common sense... I did... however... that does not excuse the depth and seriousness of the treason that hussein and his commies are propagating... things are far worse today than they would have been if we had paid attention to Reaganomics and not elected marx II.
“Portfolios are worth less than half of what they were in 2007. Money lost is money lost”
“”Which is to say they are half what they were at the top of a bubble. Duh. What makes people think the market only goes in one direction? You don't get to keep the best years. They average out over time with the bad years, and the return is somewhere in the middle. It's basic.””
It is not that markets go up and down... they always will... but it is the depth and the absolute determined actions of a communist muslim that wishes to destroy Capitalism and American Prosperity and power and replace it with turd world living standards and complete capitulation to the state, along with the removal of individual Liberty and Freedom.
“malls are empty... consumers are not spending...”
“”Not around here. I had to go to a huge mall the other day for a party at Dave and Busters. The place was packed. The mall parking lot was packed. Scores of families eating out and playing video games. If that's bad times, I'll take it.””
Yeah... and unicorns were flying over and crapping out rainbows and skittles... your statement runs counter to every single hard fact known and every single shred of evidence that we have to go by... actually you sound just like bernake and geitner.
“There will be no private investment if hussein gets his agenda through. You talk like this is 1995... you had better wake up... it may already be too late. WEALTH TAXES ARE COMING and the truly wealthy are already moving assets away from America. hussein surrendered to russia today... Europe is angry at America and her betrayal... the Czech President stated that their mistake was trusting America's word... there is not chance of economic growth for years... maybe decades. Our way of life is teetering on the edge of a chasm.”
“”Our way of life is always teetering. Back in the day it was the USSR. We had commie presidents back then too. And inept ones. We've had bad times and good times. Nothing new.””
You had better wake up from whatever nirvanatized dream that you are living in.
“”And this one looks to be a real whopper. But we've had those before too. Nothing is certain. The problem isn't so much that times are bad now. It's that people got lulled into thinking things would be good forever. As if.””
No... the people that made this Nation what it is... the people that worked hard and built this Great Nation and her wealth and power... never thought that a free media and our Federal government would ever work to crush the American Dream and institute the dream of satan and marx and lenin and kruchev and catsro and chavez and che. I saw it coming... millions upon millions did not.
“but when you do not work for someone else, having a job that insulates you from major risk and personal mandatory debt... when one is actually an entrepreneur and IS his or HER business... one can go from solvent to insolvent in a matter of months.”
“”I'm self employed. I know what you say. But that's life. Businesses are at risk, just like anything else. You play the cards your dealt. I'm pretty sure buying boats and motorcycles and rvs doesn't do much to solidify ones position. You win some, you lose some. Welcome to life.””
You could teach me nothing of life... nothing. It is obvious that you are not amongst those that call themselves the Three Percenters.
“I just know I have the gumption to handle what gets thrown my way. I'll do the best I can, and let the chips fall. The political landscape will change. It always does. Same with the economic landscape. One man gathers what another man spills. If investors disappear, that means there will be very cheap stocks to be had if anyone wants them.”
Get back to me when all of your assets have been seized... your investments seized... your property taken away from you by the State and you are being hauled off to some left-coast reeducation camp. You think that is ridiculous and asinine but it is directly your attitude and people that hold the same attitude that allow such coups to take place... and I have studied hussein and those that he has studied and believes in... and that is their “final solution”. Unless you fight back now... it will be too late then.
I have to go and practice Capitalism right now so that I can continue to try and sustain our nation until we can throw off the bonds of evil that satan has shackled us with. I pray that you wake up and join the fight.
LLS
You said they DEFAULTED. That's not selling a paid for asset.
You obviously do not believe in the American Dream do you?
What American dream are you referring to? I don't believe in an American dream that says you can buy boats and bikes instead of saving for college tuition and budgeting for insurance, putting money away for hard times, and then complain when that game plan doesn't pan out.
I believe in the American dream that says I'm free to make my own way, and take my lumps with dignity. No one is guaranteed a job for life. Who believes that? Everyone goes through rough patches. It comes with being free.
Certainly Americans over spent and many that are suffering today should have used better common sense... I did... however... that does not excuse the depth and seriousness of the treason that hussein and his commies are propagating... things are far worse today than they would have been if we had paid attention to Reaganomics and not elected marx II.
Yeah, but America does this from time to time. It should be viewed as just another risk that's out there. Who believes the US is going to follow Reaganomics unfailingly? Then you better prepare for reality instead.
It is not that markets go up and down... they always will... but it is the depth and the absolute determined actions of a communist muslim that wishes to destroy Capitalism and American Prosperity and power and replace it with turd world living standards and complete capitulation to the state, along with the removal of individual Liberty and Freedom.
And if America lets that happen, then America deserves it.
Yeah... and unicorns were flying over and crapping out rainbows and skittles... your statement runs counter to every single hard fact known and every single shred of evidence that we have to go by... actually you sound just like bernake and geitner.
I'm not saying everything's rosy. Like I said before, I think this one is a doozy. Nevertheless, the mall was mobbed, and so was Dave and Busters--a totally frivolous business. They're spending money in there. Take it for what it is. Maybe it means things aren't as bad as they'd have us believe. Maybe it means things haven't bottomed out yet.
No... the people that made this Nation what it is... the people that worked hard and built this Great Nation and her wealth and power... never thought that a free media and our Federal government would ever work to crush the American Dream and institute the dream of satan and marx and lenin and kruchev and catsro and chavez and che.
Well then those people were living in a dream. Since at least the time of FDR, we've had socialists constantly expanding their agenda.It's nothing new. That's why cartoons from the 30s ring true today. Hell, we had a "conservative" president expanding medicare while it goes bankrupt. None of this is surprising. And I'm dreaming?
It is obvious that you are not amongst those that call themselves the Three Percenters.
Nope. More of a 1-percenter.
Get back to me when all of your assets have been seized... your investments seized... your property taken away from you by the State and you are being hauled off to some left-coast reeducation camp. You think that is ridiculous and asinine but it is directly your attitude and people that hold the same attitude that allow such coups to take place... and I have studied hussein and those that he has studied and believes in... and that is their “final solution”. Unless you fight back now... it will be too late then.
What attitude of mine? All I'm saying is that people need to live within their means. That's what freedom requires. As for Obama. I didn't vote for him. I helped elect an excellent congressman who opposes him. I went to the tea party. I do what I can.
And where is the class warfare rhetoric about the “JOBLESS RECOVERY” that was so plentiful when “W” was in the WH?
LLS
He’s either as dumb as a post or as smart as a fox.
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He’s both, he’s as smart as a fox when it comes to robbing all our henhouses and he is as dumb as a post at speaking off the cuff, at understanding history and at almost anything that requires the kind of knowledge that a productive, worthwhile person would need. He has never in his life had a real job where he had to produce value in exchange for his paycheck. The great intelligence we keep hearing of exists only in the imagination of his worshippers, likewise the great oratorical ability, he is a prompter reader, that is all. Thomas Sowell has more original thoughts before breakfast on a bad morning than Barack Obama has had in forty seven years.
Good post.
Almost all incremental employment comes from small business.
Small business is scared to death of the Baraqqi policies, Cap N Tax, Card Check, Tax increases on the “rich”, and Obamacare.
The MSM/SCM is going to try and sell 10% unemployment as the “new normal”
I don’t think it will work. But we still need to have a huge effort to get to gridlock in 2011.
Well I appreciated the conversation. And I didn’t draw any conclusions about you. Just speaking my mind. I’m sure we have many shared interests. Don’t let a civil debate make you think otherwise. I think out loud and debate as a means of learning and churning. I appreciate your time.
Same here... we are not like the du... we actually like each other!
LLS
Thanks. I’m in one of my contrarian moods today anyway. Appreciate the sportsmanship :-) I’m sure we’re allies. No worries. Some days I think I just like to argue.
The one good thing about the high unemployment is that more voters will have the time to go to the polls in November 2010 and will be able to vote out the Democrats.
As long as there are parasites and individuals that would prefer being slaves to being free, there will always be Democrat voters.
The cities are full of them. The universities graduate a class of them each year. The high schools are beginning to turn them out.
People who believe that we get our rights from Almighty God and prefer freedom over slavery are becoming more scarce each year.
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